Climate Adaptation Finance Governance Standards: A new approach piloted in the Maldives and Bangladesh
- Apr 2018
- Transparency International (TI)
- International
Like any other, climate finance is also vulnerable to corruption. This report presents a new framework to create and assess governance standards for climate finance. The framework evaluates the governance quality of climate finance by looking at the components of financing climate adaptation (planning, accessing, delivering and monitoring effectiveness), combined with key criteria of good governance (transparency, accountability, participation, integrity and coherence) by building on the results of two country pilots i.e Maldives and Bangladesh. It is for climate adaptation stakeholders worldwide from the public and private sector, international agencies and civil society who want to ensure that climate finance going into countries where they are working meets the needs of climate-vulnerable communities.
